Technology adoption and firm profitability

Article Abstract:

The association between firm profitability and the adoption of new process technologies was studied in a model incorporating data from 105 UK engineering and metalworking firms from 1983-86. The data was from surveys on technology adoption in Minimum List Headings industries conducted by the Centre for Urban and Regional Development Studies. It was concluded that there was a positive correlation between profit increase and technology adoption, that the profit increase is determined by rank and stock effects and that cost of technology acquisition was also positively related to the profit increase as a result of adoption.

Profits, Corporate profits

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Technology and convergence

Article Abstract:

Conventional literature on economic convergence has emphasized the formation of human and physical capital and has overlooked the role of technology and technology transfer. The importance of technology in economic growth is examined in a constant returns production function incorporating factors such as net capital accumulation, growth rate of technology and ability to absorb labor-augmenting technology. It was suggested that future research on convergence should emphasize various aspects of technology such as levels, changes, measurement and capital-labor ratios.

Models, Economic development

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Comparing apples to oranges: productivity convergence and measurement across industries and countries

Article Abstract:

The influence of sectors in aggregate productivity across countries is investigated. Data for a group of 14 industrialized countries for the period 1970-1987 are analyzed. Results show disparate behavior among sectors despite the convergence of aggregate productivity over the period. The manufacturing industry showed minimal labor productivity or multifactor productivity convergence, while other sectors, particularly, services, show favorable aggregate convergence.

Research, Convergence (Mathematics)

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